Stock dividends

Bibliographic data

Monograph

Identifikator:: 175754061X

URN:: urn:nbn:de:zbw-retromon-136496

Document type:: Monograph

Title:: Stock dividends

Place of publication:: Washington

Publisher:: U.S. Gov. Print. Off.

Year of publication:: 1927

Scope:: vii, 273 S.

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Relation of dividends to surplus

Collection:: Economics Books

12 STOCK DIVIDENDS but was added to the accumulated surplus account. In the second seven years, however, the equivalent of 52 per cent of the surplus attributable to the period was distributed in cash and 42 per cent in stock, leaving only 5.7 per cent undistributed at the end of the seven years. In other words, while the equivalent of nearly half the total surplus for the first period remained undistributed at the end of the seven years, the equivalent of nearly all of the surplus of the second seven years was distributed to shareholders in one ! hd or another. TaBLE 8.—Disposition of approximate total surplus attributable to the periods seven years prior and subsequent to date of closing nearest January 1, 1920, for 2,971 corporations paying stock dividends FIRST 7-YEAR PERIOD Sem Surplus as of date of closing nearest Jan. Lr Li Amn wr rm aia ni Surplus as of date of closing nearest Jan. 1, 1913... i Net increase in undistributed surplus... ...eeeeameeecneaneneananntnana Cash dividends, 1913-1910. ............. numer Ea dn SC Stock dividends; 1913-1919. Slap elias Other dividends, 1913-1919. ime amma? Total available for distribution attributable to period. .... Per cent of total Sara available for dis- tribution which is attribu- table to the period Amount $2, 875, 724, 634 1.107, 174. 332 1,768, 550, 302 45.14 1,674, 414, Pe 42.74 408, 049, 789 10.41 66, 947, 676 1.71 3,917,962.149 | 100.00 SECOND 7-YEAR PERIOD {tem Surplus as of date of closing nearest Jan. 1, 1927. «coco ccemcacoccmccmamanaea- Surplus as of date of closing nearest Jan. 1, 1920. - oc cco cnc cmmmmaan Net increase in undistributed surplus. - Cash dividends, 1920-1926... o--.- Stock dividends, 1920-1926. ...... Other dividends, 1920-1926. Total available for distribution attributable to period. - cee ccm caeaas Per cent of total Spay available for dis- tribution which is attribu- table to the period Amount $3,193, 568, 741 9 875. 724. 634 317, 844, 107 5. 69 2, 896, 285, 432 51. 87 2,350, 246, 652 42,09 19, 508, 295 135 5, 583,884,486 | 100.00 The results for these 2,971 corporations are confirmed by those of a group of 566 corporations composed of all companies paying stock dividends, according to the financial manuals, which reported surplus as well as dividends for 14 years. As already explained, the financial manual group is presumably the least biased by the method of select- ing the corporations.

Access restriction

Copyright

fullscreen: Stock dividends

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation